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FINANCIAL NEWS
GEMS to expand in Kenya with USD300
20 Apr 2011
(MENAFN) Senior director for business operations at GEMS, Dino Varkey, said that the Dubai-based education provider eyes more expansion through adding more schools in Kenya at the value of USD300 million, reported Arabian Business.
Varkey said that the expansion comes as the school operator plans on having a total of five million students by 2024.
In addition, Varkey said that by 2024, the company plans to have a market value of USD60 billion.
Varkey also said that GEMS is looking into its options for financing the expansion and that it might launch an initial public offering (IPO).
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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